Sir Jackie Stewart may be about to change his tune amid pressure to relinquish his lucrative ambassadorial contract with the struggling British bank Royal Bank of Scotland (RBS).

Sir Jackie Stewart may be about to change his tune amid pressure to relinquish his lucrative ambassadorial contract with the struggling British bank Royal Bank of Scotland (RBS).

The triple world champion has an ongoing multi-million euro deal in place to travel the formula one calendar as an RBS representative, but those arrangements have become highly controversial in light of the global financial crisis and the British government's involvement.

Stewart said this week: "I am sorry these people are losing their jobs but I signed a contract and have done my bit. I have two years more to run."

Tennis' Andy Murray is also sponsored by RBS, but he is quoted as hinting that he may be willing to renegotiate because "the bottom line is I want to help".

In a new report in the Scottish newspaper The Herald, Stewart indicated his disappointment about the criticism and hinted he may now be willing to talk.

"I'm happy to help the RBS at the moment and I am in the process of drawing up a proposal, which will be of significant interest to them, but I'm not at fault when it comes to directors taking decisions or politicians meeting bankers," the 69-year-old said.

 

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